2526-2532 Boston Rd
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2526-2532 Boston Rd
10,030 SF Retail Building Bronx, NY 10467 $3,200,000 ($319/SF) 7.53% Cap Rate
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 2530 Boston Road. The subject property is a 2-story retail/office use building that is in the Allerton section of the Bronx.
The commercial building is made up of 6 retail spaces on the ground floor, and 5 office suites on the second floor. There are currently 5 out of the 6 retail spaces that are rented, and the second floor of office space has 1 out of the 5 suites rented. This is a perfect opportunity for an investor to come in and capture the upside in the vacant spaces or an owner user looking to utilize a portion of the building for their business.
Built in 1929, the building is a total of 10,030 square feet. The property sits on 60 ft of frontage on the corner of Boston Road and Wallace Avenue.
The building is within walking distance of the Allerton subway station (2,5).
The commercial building is made up of 6 retail spaces on the ground floor, and 5 office suites on the second floor. There are currently 5 out of the 6 retail spaces that are rented, and the second floor of office space has 1 out of the 5 suites rented. This is a perfect opportunity for an investor to come in and capture the upside in the vacant spaces or an owner user looking to utilize a portion of the building for their business.
Built in 1929, the building is a total of 10,030 square feet. The property sits on 60 ft of frontage on the corner of Boston Road and Wallace Avenue.
The building is within walking distance of the Allerton subway station (2,5).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,030 SF
Building Class
C
Year Built
1929
Price
$3,200,000
Price Per SF
$319
Cap Rate
7.53%
NOI
$240,920
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.64
Lot Size
0.14 AC
Zoning
C8-1
Frontage
Amenities
- Bus Line
- Metro/Subway
- Security System
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (89)
Bike Score ®
Very Bikeable (72)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 04439-0012 | Improvements Assessment | $508,690 |
| Land Assessment | $110,700 | Total Assessment | $619,390 |
PROPERTY TAXES
Parcel Number
04439-0012
Land Assessment
$110,700
Improvements Assessment
$508,690
Total Assessment
$619,390
Contacts
-
Derek Bestreich -
Jared Friedman -
David Roman -
Brandon Levy -
Investment Property Realty Group
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2526-2532 Boston Rd
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